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Organic Personal Care and Cosmetic Products Market 2020 | (Covid19) Impact Analysis | Business Outlook, Growth, Revenue, Trends and Forecasts 2022 is
Organic Personal Care and Cosmetic Products Market is expected to reach $19.8 billion by 2022, registering a CAGR of 10.2% during the forecast period 2016-2022. Personal care and cosmetics are mixtures of chemical compounds or organic ingredients, used to enhance the overall appearance or are used for personal hygiene. Organic personal care and cosmetic products mainly comprise plant ingredients and do not contain chemicals such as parabens, phthalates, aluminum salts and petrochemicals, which are potentially harmful to an individual's health. Increasing beauty consciousness and health awareness are prime factors boosting the market growth. Moreover, operating players in the market have been putting numerous efforts into launching several products in the market, thereby supplementing the market growth.Make An Enquiry About This Report @ https://www.alliedmarketresearch.com/purchase-enquiry/1398
Organic personal care and cosmetics products market is segmented on the basis of product type, distribution channel and geography. The product type segment is further classified as skin care, hair care, oral care, makeup cosmetics and others (deodorants, feminine hygiene products and hand hygiene). Among all types, the skin care segment dominated the market in past few years and is expected to remain the same during the forecast period due to rising standard of living in emerging markets and inclined preferences towards beauty, increasing consumer concerns regarding the harmful effects of pollution and global warming. Retail sales and online sales are two broad classifications based on distribution channel. Retail channel was the highest revenue-generating segment in 2015 and is expected to maintain its position during the forecast period. However, online channel would grow rapidly during the forecast period. Based on geography, the market is segmented into North America, Europe, Asia-Pacific and LAMEA. North America is the major market across the world for organic personal care and cosmetics today. In the United States, organic personal care and cosmetics products have long been popular due to high health consciousness among customers. Asia-Pacific is expected to grow at highest CAGR owing to improving GDP, lifestyle pattern, and purchasing power of customers in the region.
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Operating players in the market are investing in research and development in order to introduce innovative products in the market. The players in the market majorly sell their products through supermarkets, brand outlets, departmental stores, drug stores, non-store retail formats and concept stores. Retail channel generated the highest revenue in the global market. However, owing to high penetration of the internet worldwide coupled with ease of availability and attractive discounts, consumers have been preferring to buy through online sales channel. This trend would ultimately boost online sales of organic personal care and cosmetic products during the forecast period.
Key players in the market include L'Occitane en Provence, LOreal International, Arbonne International, LLC, Burt's Bees, Estee Lauder Companies Inc., Amway Corporation, Oriflame Cosmetics S.A., Yves Rocher, Weleda and Aubrey Organics. The operating players in the market have adopted expansion and acquisition strategies to remain competitive in the global the market.
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